Stock grant lifts Leggett & Platt (LEG) director shareholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCCLANATHAN JOSEPH W reported acquisition or exercise transactions in this Form 4 filing.
Leggett & Platt director Joseph W. McClanathan received a stock grant of 13,674 shares of common stock. The award was recorded at a price of $0.00 per share, indicating it was a grant or similar equity award rather than an open-market purchase.
Following this grant, McClanathan's directly owned holdings increased to 119,566.8157 shares of Leggett & Platt common stock. This transaction reflects additional equity-based compensation for the director, aligning part of his financial interests with the company’s share performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCLANATHAN JOSEPH W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,674 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 119,566.816 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did LEG director Joseph W. McClanathan report?
Director Joseph W. McClanathan reported an equity award of 13,674 shares of Leggett & Platt common stock. The shares were acquired at a stated price of $0.00 per share, indicating a grant or similar compensation award rather than an open-market purchase.
Was the Leggett & Platt stock transaction a purchase or a grant?
The transaction was a grant or award, not an open-market purchase. It is coded as “A” for grant, award, or other acquisition, with a transaction price of $0.00 per share, indicating equity-based compensation rather than a cash-paid stock purchase.
Is the Leggett & Platt (LEG) director’s new stock holding direct or indirect?
The holdings are reported as direct ownership. The transaction lists ownership as direct, with no nature-of-ownership footnote describing a trust, partnership, or other entity, so the 119,566.8157 shares are attributed directly to Joseph W. McClanathan.